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Eacebook (Meta Platforms) announced yesterday that it booked a loss of $4.3 billion in the last quarter. META stock had an abnormal return of 20%
Eacebook (Meta Platforms) announced yesterday that it booked a loss of $4.3 billion in the last quarter. META stock had an abnormal return of 20% esterday. This suggests that Multiple Choice the market is not efficient. investors expected losses to be larger than what was actually announced. investors expected losses to be smaller than what was actually announced. the stock will probably fall in value tomorrow. investors think that losses will be recovered next quarter
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